Terry Pegula dissolves Pegula Sports and Entertainment, takes over as Buffalo Sabres president
For years, rumors have circulated among Western New York business leaders that Terry Pegula was on the verge of selling the Buffalo Sabres.
Time and again, his executives would flatly deny the notion when asked. That person usually was COO Ron Raccuia, who was fired three weeks ago. Now here comes more news that has WNY buzzing about a possible sale.
It was announced Monday that Pegula Sports and Entertainment, the umbrella company that oversaw all of the family’s non-petroleum businesses, was dissolving. The Buffalo Bills will be handled by only Bills employees. The Sabres will be…